Not sure about thta but I sense most people dont' get that this is non dilutive. Also not sure about margin calls. I think the probelm is the selling at $5.25. Again most people don't realize these insiders probably acquired these shares via options, etc for 10 cents a share
Nope. The offering spells out that these shares come from the merger with Gibbs years ago. Some are from another holder, but a smaller portion.
This could be nothing more than a 60 year old man looking to enjoy his golden years.
It is a blip at worst, at best it means more institutional ownership.
One thing for sure...the buyers of shares at $5.25 are not traders, they are investors. So, while the share float will increase...the selling pressure on the stock will not. There are no warrants to create a SHORT opportunity like with normal secondaries.